In the crypto world, does it really matter where you are? Is
there a sunny offshore paradise perspective on the click of a
button and a fintech trade? The answer lies as usual in how to
unravel a problem should it arise. Both choice of law and location
for dispute resolution should force everyone to think ahead when it
comes to doing crypto deals.
Business-to-Consumer (B2C) Contracts
The British Virgin Islands (BVI) is well-known as an
incorporation centre, having attracted in excess of 600,000 active
companies, many of which are used in such structures globally.
While there is no need here to revisit the benefits of BVI
companies as a choice of vehicle, a quick survey of some of the
major crypto platforms shows the express choice of BVI law (and
sometimes also the location) as the governing law in their B2C
contracts. With the inequality of bargaining power and the
“take it or leave it” approach to B2C terms and
conditions, many consumers are now in the BVI even
